In today’s briefing:
- Company with US Type of 3 Committees and Independent Director Chairing BOD Is the Litmus Test
Company with US Type of 3 Committees and Independent Director Chairing BOD Is the Litmus Test
- Revisions to the Corporate Governance Code have increased the ratio of independent directors, and more companies have established voluntary nominating and compensation committees.
- On the other hand, the transition to a Company with US type 3 committees and an independent director chairing the board of directors has been slow in coming.
- Substantive improvements regarding the transition to a company with an audit committee and the establishment of a voluntary nominating and compensation committee should be carefully examined.
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